UJB vs. OKLL
UJB (ProShares Ultra High Yield) and OKLL (Defiance Daily Target 2x Long OKLO ETF) are both exchange-traded funds - UJB is a Leveraged Bonds fund tracking the Markit iBoxx $ Liquid High Yield Index, while OKLL is a Leveraged Equities fund actively managed by Defiance. UJB is passively managed, while OKLL is actively managed. Over the past year, UJB returned 7.39% vs -73.38% for OKLL. At a 0.37 correlation, their price movements are largely independent. UJB charges 0.95%/yr vs 1.31%/yr for OKLL.
Performance
UJB vs. OKLL - Performance Comparison
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Returns By Period
In the year-to-date period, UJB achieves a 1.07% return, which is significantly higher than OKLL's -64.46% return.
UJB
- 1D
- -0.12%
- 1M
- 0.61%
- YTD
- 1.07%
- 6M
- 1.41%
- 1Y
- 7.39%
- 3Y*
- 12.18%
- 5Y*
- 2.81%
- 10Y*
- 5.51%
OKLL
- 1D
- -4.03%
- 1M
- -30.54%
- YTD
- -64.46%
- 6M
- -73.01%
- 1Y
- -73.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UJB vs. OKLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UJB ProShares Ultra High Yield | 1.07% | 6.24% |
OKLL Defiance Daily Target 2x Long OKLO ETF | -64.46% | -25.10% |
Correlation
The correlation between UJB and OKLL is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025 | 0.37 |
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Return for Risk
UJB vs. OKLL — Risk / Return Rank
UJB
OKLL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UJB vs. OKLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra High Yield (UJB) and Defiance Daily Target 2x Long OKLO ETF (OKLL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UJB | OKLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | — | — |
| Martin ratioReturn relative to average drawdown | 6.23 | — | — |
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Drawdowns
UJB vs. OKLL - Drawdown Comparison
The maximum UJB drawdown since its inception was -40.14%, smaller than the maximum OKLL drawdown of -96.29%. Use the drawdown chart below to compare losses from any high point for UJB and OKLL.
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Drawdown Indicators
| UJB | OKLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -96.29% | +56.15% |
Max Drawdown (1Y)Largest decline over 1 year | -5.01% | -96.29% | +91.28% |
Max Drawdown (3Y)Largest decline over 3 years | -9.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -95.70% | +95.11% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -62.40% | +56.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | — | — |
Volatility
UJB vs. OKLL - Volatility Comparison
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Volatility by Period
| UJB | OKLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.37% | 202.78% | -195.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 202.78% | -188.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 202.78% | -184.76% |
UJB vs. OKLL - Expense Ratio Comparison
UJB has a 0.95% expense ratio, which is lower than OKLL's 1.31% expense ratio.
Dividends
UJB vs. OKLL - Dividend Comparison
UJB's dividend yield for the trailing twelve months is around 3.34%, while OKLL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OKLL Defiance Daily Target 2x Long OKLO ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UJB ProShares Ultra High Yield | 3.34% | 2.61% | 3.02% | 3.92% | 0.05% | 0.63% | 2.88% | 3.95% | 3.22% | 2.67% | 2.35% | 3.62% |
Frequently Asked Questions
UJB and OKLL have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, UJB leads with 7.39% vs -73.38% for OKLL. On fees, UJB is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UJB has performed better with a 7.39% return vs -73.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UJB is cheaper with a 0.95% expense ratio, compared with 1.31% for OKLL.
UJB has the higher dividend yield at 3.34%, compared with 0.00% for OKLL.
UJB is categorized as Leveraged Bonds, while OKLL is Leveraged Equities. They also come from different issuers: ProShares and Defiance. Their fees differ too: 0.95% for UJB and 1.31% for OKLL.
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